Libya Eyes Network Reveals Resource and Salary Issues
The article discusses an assessment of the Libyan government's decision to increase the per capita income level by 10%, aligning it with funding conditions and inflation, with an emphasis on the importance of efficient resource management. The former economic expert asserts that Libya is not an impoverished country, as it possesses resources and investments worth tens of billions, including a reserve exceeding $90 billion and 146 tons of gold. The problem, he explains, lies in poor resource management and a lack of transparency in financial accounts. The article also highlights the necessity of unifying monetary and trade economic policies, abandoning outdated monetary practices, strengthening the banking sector, and diversifying sources of national income. These measures aim to fund the increases without losses or depletion of reserves, emphasizing that Libya has the capabilities to handle financial challenges responsibly and efficiently.
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